Outokumpu (OTCMKTS:OUTKY) Given Consensus Rating of “Hold” by Brokerages

Shares of Outokumpu (OTCMKTS:OUTKY) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company.

OUTKY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research note on Friday, December 5th. Jefferies Financial Group cut Outokumpu from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Research raised Outokumpu from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Danske upgraded Outokumpu to a “buy” rating in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Outokumpu from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th.

Outokumpu Stock Performance

OTCMKTS OUTKY opened at $2.76 on Friday. The business’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.22. Outokumpu has a fifty-two week low of $1.46 and a fifty-two week high of $2.76. The company has a market cap of $2.61 billion, a P/E ratio of -23.00 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.61 and a current ratio of 1.76.

Outokumpu (OTCMKTS:OUTKY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported ($0.04) EPS for the quarter. Outokumpu had a negative return on equity of 2.90% and a negative net margin of 1.83%.The firm had revenue of $1.52 billion for the quarter. Sell-side analysts predict that Outokumpu will post 0.07 earnings per share for the current year.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.